The “Amazon of services” is moving public.
Meituan-Dianping, more commonly known simply as “Meituan”, is a “online-to-offline” or O2O platform at China offering everything from movie tickets to holiday booking. The Business registered for an IPO late Friday on the Hong Kong stock exchange. The company is valued at $60 billion–twice what it had been worthwhile in October–and trying to raise $4 billion in the IPO according to Reuters. Goldman Sachs, Morgan Stanley, and also Bank of America Merrill Lynch are sponsoring the IPO.